Firms were asked to compare Maryland’s Taxes, Regulations, Infrastructure and Labor Markets with neighboring states. The second quarter 2019 results were as follows:
34% of responding Maryland businesses ranked the State’s taxes as competitive with other states, while 40% ranked them as uncompetitive;
33% ranked the State’s regulations as competitive with other states, while 32% ranked them as uncompetitive;
49% ranked the State’s infrastructure as competitive, while 17% ranked it as uncompetitive; and
49% ranked the State’s labor markets competitive, while 16 percent ranked them uncompetitive.
Figure 10: Maryland’s Competitiveness with Neighboring States in Key Business Climate Factors